Word: hochtief
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...shareholders - unless potential bidders are scared off by looming lawsuits. Will Executive Bonuses Be Next? Marking a victory for anticorruption campaigners, 18 of the world's top construction and engineering firms have agreed to stop paying bribes to win contracts. At the Davos World Economic Forum, the firms - including Hochtief of Germany, Swiss-based ABB and Skanska of Sweden - unveiled a set of principles aimed at eliminating bribery, contending that businesses themselves are hurt by rampant payoffs because they distort competition. "There is significant corruption in the industry," Alan Boeckmann, chief executive of U.S. construction giant Fluor, tells TIME. Some...